governor jerry brown giving the okay to a law that can release them. >> gregg: shocking numbers, u.s. airlines raked in $2 billion in baggage ties during the first half of the year. that the largest amount ever collected for a six-month period. this as a new report emerges finding passengers are facing more fees than ever before and fewer choices. how about that? anything consumers can do. ed joins us managing partner of investment firm. rise of oil prices make a corresponding rise in jet fuel and 30% of operating costs for the airlines. are the airlines trying to make up for it in other ways like the fees? >> sure. look this is great lesson in economics. it's supply and demand and competition. when there is less competition. usually the quality goes down and prices go up. that is exactly what is happening right now. we have fewer and fewer airlines out there. you have oil prices, gregg, any time oil prices are above $85 a barrel you have a hard time being profitable in the airline industry. >> gregg: that is the tipping point generally? >> it really is. so is this a sign of things to